bank valuation

when I requested valuation from my bank, she asked "how much do you think you are going to purchase this property for?" in another way of paraphrasing the question, "how much do you think the property worth?" Why does the bank ask this question? Will my answer influence on how the value...

Hi Folks, I would need help from a mortgage agent who could help me with a 95% LVR loan in Sydney. My current situation * Looking to buy 700K PPOR property * Have 5% genuine savings deposit * Have savings for stamp duty for 700K * Good stable income * Need 100% LMI capitalized on the...